Buying Shares Question

[Fiona35]

Okay, I am Miss Thick here!! And am hoping someone can help me.

Parents have given me the money to get the shares and I know I need to open an account with the Halifax.

My question is that they need a £100 putting in the account, is that in addition to the cost of 20 shares or will they just take the share costs out of the £100?

Thanks

 

[mickptaylor]

They will take it out of the £100 initial deposit

 

[Fiona35]

Cool thanks for that

 

[stevelamb121]

I'M thinking of doing this too. , so I can set the account up with £100 and the €85 euros for the shares will come out of that?

Works out about £73. Does the difference just sit there?

 

[jools02]

I'M thinking of doing this too. , so I can set the account up with £100 and the €85 euros for the shares will come out of that?

Works out about £73. Does the difference just sit there?

I should think you'd be able to withdraw it. You can opt to have the dividends paid into the account so if you can withdraw those you should be able to withdraw the remainder of the deposit. After all it is your money. I think they just need £100 deposit just to open the account.

 

[FiFi Rose]

Yes if your using the halifax you just transfer the funds back into your own bank account online

 

[thelittlemermaid83]

Ok i'm going to open a account now seeing as ive gotten my eurostar tickets for free. Well i'm going to try and open a account LOL.

What are the full share name i need? Can i do this all online?

ETA: The website hates me and keeps going blank when asking for more personal information. Seriously being a halifax customer sucks

 

[FiFi Rose]

With halifax first you need to register for an account online and credit £100 to that account. I had to get a passcode sent out in the post I think to login. Then your looking for shares EDL is the code. It was very easy.

 

[thelittlemermaid83]

With halifax first you need to register for an account online and credit £100 to that account. I had to get a passcode sent out in the post I think to login. Then your looking for shares EDL is the code. It was very easy.

I already have a account with Halifax, its when i go into my account and click share dealing i enter my personal details etc and then it goes blank

 

[FiFi Rose]

No idea then I was a halifax newbie

 

[mickeymousepal]

I already have a account with Halifax, its when i go into my account and click share dealing i enter my personal details etc and then it goes blank

This happened to me also when i use firefox but it progresses when i use internet explorer ..... just a though that may help

 

[denise]

Since I live in the US will I be able to do this? Buy stock that is?

 

[thelittlemermaid83]

This happened to me also when i use firefox but it progresses when i use internet explorer ..... just a though that may help

Thanks i'm using firefox aswell so will try IE, I will prob just by them next month.

 

[stevelamb121]

anyone know if this is something you can do in a branch and buy the share straight away instead of waiting for a password?

also why halifax? do any other banks do this, or is it they just offer the best deal?

 

[Ruddles]

also why halifax? do any other banks do this, or is it they just offer the best deal?

There are lots of share dealing accounts out there, I'm sure the comparison web sites will be happy to help you find one! A big advantage of Halifax is that they don't charge you an annual maintenance fee, most do and it's not worth it if you only have 5 or 20 Disney shares.

Also, they seem to have the no International commision offer from time to time, so even if you don't catch it this time, you can get an account set up and hope it comes around before you need to buy shares (don't leave it too late.)

I had 5 shares sat in there for the last year, and when they mailed out the offer this week went on and got the extra 15.